LOTTOCOIN OLD THREAD, [CLOSED]

[joeselzr]

FACTS ABOUT LOTTOCOIN

LottoCoin is about to pass Doge Coin in trade volume, in only 12 hours, to be the highest volume BTC traded coin:

http://i43.tinypic.com/9gf1jn.jpg

Which coin has the most growth?

http://i43.tinypic.com/k02ana.jpg

[Sparkzor]

All I can say is.. TO DA MOOOON AND BEYOOOOND

[damnation]

question is the volume the entire volume to date... or volume for a 24 hour period.. cos i would have thought doge would have had way more volume

[rocketron]

such an exciting coin, all these new casinos and games in the making too is going to be fantastic, played some rapidballs earlier, bloody addictive when you keep winning lol

[Speedie]

Hmmmmmm. DedicatedPool and Nut2Pool down simultaneously? Smells like co-ordinated DDoS.

[SpeedDemon13]

Hmmmmmm. DedicatedPool and Nut2Pool down simultaneously? Smells like co-ordinated DDoS.

More then likely and/or just the network is unstable.

[rocketron]

plenty of ddossing to come for this coin, need to up the protection, trendhost offer great deals with default 10 gb/s ddos protection, you can add more on too.. much cheaper than cloudflare

[damnation]

hmm its been awhile since we have had the pools ddosed.. maybe a week??

I still rem when all of em were down for over 13 hrs... hackshardgaming, nut2pool all 3 servers,no- ip..

Dedicated is a new pool... so i guess that's an equivalent to a welcome to pool mining lot:P

[C3ALL]

LOT1 and LOT2 still cheap!

http://coinbomb.biz/lottocoin/

No offense but imho its this sort of post that will put people off the coin.   The last person to lose on LOT1, lost with the price set at 3.6M, which is where whoever buys it from you would have the price set - though there was somebody who bid on the 110% and took it to 7.3M, they lost 3.6m coins.  Nice.    Whoever buys LOT 2 will need somebody with 2.95M to buy it from them, and with that valued at about  $1,300.  Its not going to happen imho.

The only people making money from this coinbomb are those that are cheating and using scripts to hammer the buy at the right time on the low intervals.  They make the easy 80/60/40/20 % and then leave the risky gambles to everyone else.

Look how many times the same person reserves the slot from themselves.  Thats when they let the bot run when they sleep.  They just keep using scripts to make sure they reserve the slot.  Then when it gets risky, they back off and let others lose millions.

Ive mentioned it to the developer and they were going to look at banning ip addresses from people doing this, or preventing them from bidding after so many failed purchases.  But so far no change.  Nothing aganst the developer of the game, it has been Christmas.  It happened on the 80% and 60% bombs this morning  same people getting in every single time.

Until this problem is fixed and these people are banned from cheating the system I would advise against playing coinbomb as these cheats will be putting people off the games and the coin.

[rocketron]

i agree with the above

[damnation]

LOT1 and LOT2 still cheap!

http://coinbomb.biz/lottocoin/

No offense but imho its this sort of post that will put people off the coin.   The last person to lose on LOT1, lost with the price set at 3.6M, which is where whoever buys it from you would have the price set - though there was somebody who bid on the 110% and took it to 7.3M, they lost 3.6m coins.  Nice.    Whoever buys LOT 2 will need somebody with 2.95M to buy it from them, and with that valued at about  $1,300.  Its not going to happen imho.

The only people making money from this coinbomb are those that are cheating and using scripts to hammer the buy at the right time on the low intervals.  They make the easy 80/60/40/20 % and then leave the risky gambles to everyone else.

Look how many times the same person reserves the slot from themselves.  Thats when they let the bot run when they sleep.  They just keep using scripts to make sure they reserve the slot.  Then when it gets risky, they back off and let others lose millions.

Ive mentioned it to the developer and they were going to look at banning ip addresses from people doing this, or preventing them from bidding after so many failed purchases.  But so far no change.  Nothing aganst the developer of the game, it has been Christmas.  It happened on the 80% and 60% bombs this morning  same people getting in every single time.

Until this problem is fixed and these people are banned from cheating the system I would advise against playing coinbomb as these cheats will be putting people off the games and the coin.

Heads up i dont use script and i got in just fine.. 80% LOT 1 at 629K.. though it went from start to that level in about 20 minutes and when i went there all the slots were open to buy


btw does anyone know how to get our-self listed on coinwarz?

[Speedie]

Looks like both the big pools are back up and running. I have to say that NutNut and Ryan have been doing a great job with the influx of new miners.

Now about that sell wall between 65 and 70. Yikes! 20BTC or more to get through it.

[C3ALL]

Heads up i dont use script and i got in just fine.. 80% LOT 1 at 629K.. though it went from start to that level in about 20 minutes and when i went there all the slots were open to buy

Yeah, thats about the level these script cheats back off - as LOT1 used to be 110%, so at 629k, the next buyer would need to be putting up 1.3M if it were still at the 110% level.  after that they know the next buyer down the lone would be looking at 2.7M, which is around the level that the bombs stick at.  They look 2 steps ahead and if its at the loss level then they back off.   They just use scripts to get in on the "guaranteed" sales.

Look back in this thread, there is one guy admitting to doing it.  Then tries to justify it because he is using his knowledge to give himself an advantage etc...  Completely imoral and counter productive for the value of this coin and the trust people have in the games imho.  As I said to them, if he found some way of using his "skill" to give himself an advantage over other people in a vegas casino, would people think it was fair and just acknowledge he gave himself an advantage, or would he be having a chat with some large guy in the only room with no cameras, or lying down an alley somewhere?

If this coin is all about luck and fair gambling and gaming, then having people cheat others on the coinbombs is just completely against the very spirit of this coin.

[joeselzr]

question is the volume the entire volume to date... or volume for a 24 hour period.. cos i would have thought doge would have had way more volume

This is 24 hour volume, go to Cryptsy, click on "Trade", then sort by Volume.

LottoCoin WILL pass Dogecoin, and Litecoin in Volume on Cryptsy today, which means:

LottoCoin is #1 BTC Volume on cryptsy

[damnation]

Heads up i dont use script and i got in just fine.. 80% LOT 1 at 629K.. though it went from start to that level in about 20 minutes and when i went there all the slots were open to buy

Yeah, thats about the level these script cheats back off - as LOT1 used to be 110%, so at 629k, the next buyer would need to be putting up 1.3M if it were still at the 110% level.  after that they know the next buyer down the lone would be looking at 2.7M, which is around the level that the bombs stick at.  They look 2 steps ahead and if its at the loss level then they back off.   They just use scripts to get in on the "guaranteed" sales.

Look back in this thread, there is one guy admitting to doing it.  Then tries to justify it because he is using his knowledge to give himself an advantage etc...  Completely imoral and counter productive for the value of this coin and the trust people have in the games imho.  As I said to them, if he found some way of using his "skill" to give himself an advantage over other people in a vegas casino, would people think it was fair and just acknowledge he gave himself an advantage, or would he be having a chat with some large guy in the only room with no cameras, or lying down an alley somewhere?

If this coin is all about luck and fair gambling and gaming, then having people cheat others on the coinbombs is just completely against the very spirit of this coin.

I played coinbomb as well last time.. it was set to 80% for LOT 1.... i believe only redcoin and another was set for 110%..

also on a side note.. i dont think in term of fair gaming and gambling when i think about Gambling dens... For one simple reason.. the house always wins

*Edit* also i believe the level was around 5m-7M.

[haggis]

Yes, at CoinBomb the house gets all what's in when the countdown reaches 0. But LOT1 is still low and just a few hours old - so there will be some buyers. As you said, it was 7.5M in the last round

[binaryclock]

Looks like both the big pools are back up and running. I have to say that NutNut and Ryan have been doing a great job with the influx of new miners.

Now about that sell wall between 65 and 70. Yikes! 20BTC or more to get through it.

I had to do a reboot and disable registrations for a bit.

BUT REGISTRATIONS are back OPEN guys.. mine away

http://LOT.DEDICATEDPOOL.COM

Ryan, dedicatedpool.com support/admin
admin@dedicatedpool.com / IRC on freenode #dedicatedpool

[C3ALL]

Yes, at CoinBomb the house gets all what's in when the countdown reaches 0. But LOT1 is still low and just a few hours old - so there will be some buyers. As you said, it was 7.5M in the last round

Woah - hang on, this is not true. Ive seen it posted before, but think it needs explaining how this works.  The house makes 1%.   The people buying are just funding the interest for theprevious person.

Example: The start price is 1000 and the "interest" is 50%.   So player 1 is the owner of the bomb, and the price is now 1,500.

When player 2 buys for 1,500.  Player 1 gets 1,485 coins.   This is their 50% less the 1% house fee.

The house is not making millions - they are just passed from one player to the next.  The coins that you have paid for LOT 1 and LOT 2 have already ben sent to the last player, less 1% for the house.


The risk is that you are not the last person to buy, if you are and nobody buys from you, then you lose and get zero back.

Obviously the lower the price, the more likely it is that somebody will buy - which is why the cheats only do it up to about 500K.  after that they let others (like you) take the risk.

[haggis]

Yes, that's how it works. But what do you think is not true in my statement?

[binaryclock]

Everything is working great after the reboot!

I justed want to thank our loyal miners to DEDICATEDPOOL.COM.  That was our first stratum DC in a while.  We are still 99.9% uptime.  That's still not good enough for me, I want 100% all the time.  Anyways, going to throw an AD here for the new folks:

Also I have to say, you guys are amazing!  You should see some of the emails I get.  People are so damn nice, thanking me for a great server and such.  I really can't believe how great this community is.  Out of all the emails I've got, I think I've got one nasty one out of 100s of good ones.

Thank you so much!!!



LOT.DEDICATEDPOOL.COM

Benefits of Mining on DEDICATEDPOOL.COM

• Backups every 30 minutes of the databases and wallets to protect your mining endeavours.
• Full 24/7 support available at admin@dedicatedpool.com
• Mine interrupted - dedicated servers w/redundancy, DDoS protection.
• Trustworthy admins who care about your experience and mining.

Mining Information

• Custom stratum/mpos environment
• Vardiff enabled
• PPNLS payout system
• Everything is transparent - blocks, donations, fees.

Server Infrastructure

• Redundant servers in different datalocations
• DDoS protection at switch level
• 8 Core servers, 256GB DDR3 RAM, RAID 10 SSD
• Ramdisks, memcaches, to make things go extremely quick

The Future

• Implementing a full ticketing system
• Phone and SMS support.. yes phone! Call and talk to someone real.
• More servers, more power, more scalability.

I hope you take the time to come give us a try and find out why we are different than every other pool out there.

If you have any suggestions or comments please let us know admin@dedicatedpool.com and we'd be happy to respond.